For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Metal stocks rally on China reform hopes

|

Metal stocks rally on China reform hopes
Metal stocks rallied for a second day in a row on hopes that economic reforms in China would boost demand.

 

On Monday China released a blueprint that will guide economic reforms in the country over the next decade. Metal stocks that rallied in trade today were Hindalco which jumped more then 3 per cent, while Jindal Steel also rose 2 per cent.

Tata Steel was trading lower after some profit booking in the counter after Monday's sharp rally.

After years of robust expansion, China's economy is witnessing slower growth, and the country has been under pressure to address issues that threaten further development and social stability.

Large scale metal demand comes from China which has been witnessing robust economic activity. This has given a boost to metal stocks in trade today.

GoodReturns.in

Story first published: Tuesday, November 19, 2013, 11:41 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more